Northvolt raised €900 million for its first lithium-ion cell gigafactory in Sweden and together with Volkswagen, plans a 50/50 JV for a second gigafactory in Germany June 12, 2019 was a big day for Northvolt, which completed a huge €900 million ($1 billion) equity capital raise, led by Volkswagen Group and Goldman Sachs Merchant Banking… Continue reading Northvolt Raises $1 Billion: Announces JV With Volkswagen
Tag: BMW
New Honda e: powertrain details of BMW i3 rival revealed
The firm believes the car’s retro design will give it an Apple-style appeal to customers. It maintains the styling of the Urban EV, albeit with the addition of an extra set of doors. While Honda has yet to reveal full technical details of the car, its designers told Autocar at the Geneva show that it would… Continue reading New Honda e: powertrain details of BMW i3 rival revealed
Porsche CEO Says Taycan Performance Will Parallel Iconic 911
Sadly, however, initial production will be limited. Porsche is a legend when it comes to performance. We challenge you to find another mainstream brand that has put all its eggs in that basket, and then some. Sure, there’s BMW, Jaguar, and the like, but these automakers don’t possess the clout of Porsche’s legendary offerings. Of… Continue reading Porsche CEO Says Taycan Performance Will Parallel Iconic 911
BMW Group continues to grow sales and market share in May
Munich. May was a positive month for BMW Group sales, with worldwide deliveries increasing by 3.2% to achieve a total of 210,563 premium BMW, MINI and Rolls-Royce vehicles sold. This brings the company’s total sales for the year-to-date to 1,012,093, an increase of 0.8% compared with the first five months of last year. This sales… Continue reading BMW Group continues to grow sales and market share in May
BMW affirms target to hike sales as China drives May deliveries
A man stands in front of a BMW 3 Series Long Wheelbase (LWB) car presented during the media day for Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song BERLIN (Reuters) – German luxury carmaker BMW affirmed its target to increase sales this year after group sales rose by 3.2% in May year-on-year,… Continue reading BMW affirms target to hike sales as China drives May deliveries
Are Toyota’s Latest EV Moves For Real?
We’d love to believe Toyota is being sincere In a comprehensive post by InsideEVs own Mark Kane, we reported last week that Toyota announced that they were pushing up their electification plans by 5 years, and now expect to have “electrified’ versions of all of their offerings by 2025. Toyota EV news That news followed a… Continue reading Are Toyota’s Latest EV Moves For Real?
Henrik Fisker delays his luxury sports car and announces ‘mass-market’ electric SUV – The Verge
Henrik Fisker, the man behind the ill-fated Tesla-challenging Karma hybrid sports car and current CEO of Fisker Inc., has announced a new electric SUV with “close to 300 miles” of range that will start “below $40,000.” The car, which is the second that Fisker Inc. has announced, is due in the back half of 2021.… Continue reading Henrik Fisker delays his luxury sports car and announces ‘mass-market’ electric SUV – The Verge
The future of car ownership: Building an online dealership
Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to a car lot. For this series of articles, TechCrunch spoke with several founders and investors attempting to rethink car… Continue reading The future of car ownership: Building an online dealership
Tesla 2019 Annual Shareholder Meeting: Top Seven Takeaways
Despite the negative headlines, it appears Tesla is surging forward as anticipated. Sometimes it’s hard to get an accurate read on Tesla from today’s headlines. Why? There’s an ongoing smear campaign. Who’s diverting your attention away from this remarkable American success story? There’s some alligators lurking in the FUD. Even Elon acknowledged, “It’s the most crazy disinformation campaign I’ve ever seen.” More… Continue reading Tesla 2019 Annual Shareholder Meeting: Top Seven Takeaways
VW ends partnership with Aurora
The Volkswagen Group terminates the cooperation with the US startup Aurora. Looking for cooperation partner in the field of autonomous driving has Volkswagen found the startup Aurora. As announced last summer, Volkswagen even wanted to buy the startup. Aurora was from u. a. Chris Urmson, who worked on Google on Autonomous Driving founded. Since then,… Continue reading VW ends partnership with Aurora